On the afternoon of January 7, Hefei Guoxuan Hi-Tech Power Energy, a wholly-owned subsidiary of Guoxuan Hi-Tech, a leading battery manufacturer in China, signed a strategic cooperation agreement with Chery Automobile Co., Ltd. (hereinafter referred to as "Chery Automobile"). The two companies plan to carry out all-round cooperation in the field of passenger cars and commercial vehicles, and jointly develop the new energy vehicle market.
*: Gotion Hi-Tech.
According to the agreement, the two parties intend to carry out all-round cooperation around Chery Automobile's passenger cars, buses, logistics vehicles, heavy trucks and other vehicle projects, and Hefei Guoxuan will fully participate in the development and supply of the project as a major supplier; Chery Automobile will actively introduce advanced battery technologies such as Gotion's third-generation battery cells, and strengthen cooperation with Gotion in battery platformization, cell consistency and safety, and battery big data.
In addition, in new business areas such as energy storage and electric ships in addition to power batteries, the two parties will jointly explore innovative business models; The two parties will make use of their respective competitive advantages in the international market to jointly expand the overseas new energy market; The two parties will also strengthen cooperation in ESG and low-carbon emission reduction, and jointly improve brand reputation and market awareness.
It is reported that the cooperation between Gotion Hi-Tech and Chery Automobile can be traced back to 2012, and in 2018, Gotion Battery began to large-scale ** Chery Karry Youyou models; In 2019, the two parties officially signed a strategic cooperation agreement and successfully realized the batch delivery of battery packs required for Chery Little Ant models. In 2020, Gotion Battery installed more than 20,000 vehicles for Chery Automobile.
In 2021, Gotion Battery was designated by Chery Finless Porpoise Project to realize the mass supply of hot-selling models such as QQ ice cream; In 2022, the cooperation between the two sides was further deepened, with the annual installed battery capacity exceeding 130,000 units, an increase of more than 220% over 2021.
It is reported that Guoxuan Hi-Tech has frequently reported cooperation news recently. On December 28, 2023, Gotion Hi-Tech signed a strategic cooperation agreement with EHang. The two companies are committed to jointly developing power cells, battery packs, energy storage systems and charging infrastructure based on EHang's intelligent unmanned electric vertical take-off and landing (EVTOL) products.
On December 5, 2023, Hefei Guoxuan and Zhejiang Geely Long-distance New Energy Commercial Vehicle Group *** Avanti New Energy Group reached a tripartite strategic cooperation, and it is planned that in the next five years, Avanti New Energy will promote long-range new energy commercial vehicles equipped with Guoxuan Hi-Tech lithium iron phosphate batteries.
As a well-known independent automobile brand in China, Chery Automobile has continued to accelerate the layout of new energy in recent years. In 2023, its four major passenger cars, Chery, Xingtu, Jietu and iCar, will be fully electric, and many new products will be released one after another. In 2023, Chery Holding Group's international business will steadily increase, exporting 93 automobiles70,000 units, a year-on-year increase of 1011%, ranking first in the export of Chinese brand passenger cars for 21 consecutive years.
It is worth mentioning that in addition to Guoxuan Hi-Tech, Chery Automobile's battery manufacturers include CATL, Penghui Energy, Fengfan, Jiewei Power, Huading Guolian, etc. In addition, Chery Automobile has also made a layout in solid-state batteries, and plans to invest a total of 1.8 billion yuan with Anwa New Energy to implement an industrialization project of semi-solid-state power batteries with an energy density of 300-340Wh kg.
*: TrendForce lithium battery finishing.